Sudarshan Sukhani: BUY SBI Life, Ashok Leyland, Bharti Airtel; SELL BPCL
Technical analyst Sudarshan Sukhani has suggested three BUY Calls and one SELL Call for today’s trading session. Indian markets opened flat yesterday but registered strong gains during the afternoon session. The strength in Indian equities in yesterday’s trade could continue for today as well. US markets closed positive on Wednesday and we can expect Indian markets to touch another lifetime high in today’s session.
Sukhani has suggested BUY Call for commercial vehicle manufacturer Ashok Leyland for a target price of Rs 132 with a stop loss at Rs 125. Other stock on Sukhani’s radar for the session is SBI Life. Traders can initiate a BUY trade for SBI Life for a target of Rs 1,185 with a stop loss at Rs 1,160.
Telecom major Bharti Airtel is looking strong on the charts. Traders can BUY Bharti Airtel for a target price of Rs 745 with a stop loss at Rs 710, as per Sukhani.
Sukhani has suggested SELL Call for energy PSU BPCL for a target price of Rs 484 with a stop loss at Rs 495.
All trades should be carried out with strict Stop Loss. In case the trade doesn’t happen as per expectations, it is good to exit the trade if the call is in profit. TopNews will review performance of trading calls by the end of the trading session.